Jim Sinclair’s Commentary

Extraordinary or coincidence? You do realize this import number is nearly exact to the ounce to the “surprise” amount of gold standing for delivery in July? If not a coincidence…someone…somewhere needs gold for delivery VERY badly!

Record Swiss Gold Flow Into The United States
July 26, 2016

There was a huge trend change in U.S. gold investment in May. Something quite extraordinary took place which hasn’t happened for several decades. While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.

How much gold? A lot. The Swiss exported 50 times more gold in May than their monthly average (0.4 mt) since 2015:

As we can see, the Swiss gold exports to the United States are normally less than 0.5 metric ton a month. And for many months there weren’t any gold exports. However, something big changed in May as Swiss gold exports surged to 20.7 mt (665.500 oz).

The overwhelming majority of gold flows from the U.S. have been exports to Switzerland and the United Kingdom (U.K.):

More…

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

SideNote: Someone is serious about cleaning out the CRIMEX!! GRIM